888 calls in Nuvei to power payment possibilities in US

Nuvei flexes payment muscles in US via 888 agreement
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Nuvei is continuing to flex its muscles in the US payments market by offering its technology and expertise to igaming operator 888.

The Canadian fintech – which added Hollywood star Ryan Reynolds to its list of investors earlier this year – has been making waves across the border with its Instant Bank Transfer technology, the US igaming industry’s first payment method for instant account-to-account deposits and payouts.

Resorts Digital Gaming is already reaping the rewards after striking an agreement with Nuvei in June, and 888 is primed to follow suit and boost its card acquiring and local payment method capabilities to accelerate its growth in the US igaming landscape.

“Enabling players to deposit and withdraw funds from their igaming accounts seamlessly and securely is critical to the overall platform experience,” said Noam Klivitzky, 888 VP of US Marketing.

“At 888 we’re committed to offering the most comprehensive igaming experience in the market, so we’re excited to add Nuvei’s card acquiring capabilities alongside its Instant Bank Transfer solution.

“Nuvei has a rich heritage of enabling igaming operators to maximize their payments’ performance in regulated markets across the globe.”

The agreement is just the latest forged between the firms; Nuvei has provided payment services to 888 in Europe since 2017 and also played a pivotal role in the operator’s launch in Ontario last year.

This new arrangement, meanwhile, will see 888 leverage Nuvei’s technology platform, extensive acquiring reach, instant bank-to-bank payments, and deep knowledge of regulated igaming markets to maximize payments acceptance and optimize its risk management.

In addition to enabling 888 to accept deposits, players will be able to instantly withdraw funds from their 888 account directly to their bank card or via Nuvei Instant Bank Transfer.

Philip Fayer, Nuvei Chair and CEO, added: “We’re thrilled to continue to grow our relationship with 888 and support its global expansion in the US and beyond.

“Instant, convenient, and secure deposits and payouts are critical to winning players in the rapidly expanding US igaming landscape.

“Optimizing card payment acceptance is a key component of the cashier experience, and Nuvei has decades of experience supporting operators maximize their revenue growth.”